Scotia Global Asset Management announced the final year-end reinvested distributions for the Scotia Strategic ETF Portfolios listed on the TSX for the 2019 tax year.  The record date for the 2019 final year-end reinvested distributions will be December 31, 2019, payable on January 6, 2020.

These are final year-end distributions of undistributed net income and/or capital gains. The distributions will be reinvested in additional units of the respective Scotia Strategic ETF Portfolios and do not include any cash distribution amounts for December. The additional units will be immediately consolidated so that the number of units outstanding following the distribution will equal the number of units outstanding prior to the distribution.

Scotia Strategic U.S. Equity ETF Portfolio and Scotia Strategic International Equity ETF Portfolio are each considered a "financial institution" for purposes of the "mark-to-market" rules contained in the Income Tax Act (Canada). It is expected that these portfolios will cease to be financial institutions on December 31, 2019, when, not more than 50% of each portfolio will be held by one or more financial institutions.

The actual taxable amounts of reinvested distributions for 2019, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2020. Securityholders can contact their brokerage firm for this information.

Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus before investing. The securities held by the ETFs can change at any time without notice. Investments in ETFs are not guaranteed, their values change frequently and past performance may not be repeated.